Getty Images (NYSE:GETY) Sets New 52-Week Low – Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY) reached a new 52-week low during trading on Friday . The stock traded as low as $1.2350 and last traded at $1.2450, with a volume of 1050864 shares trading hands. The stock had previously closed at $1.28.

Analyst Upgrades and Downgrades

GETY has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Wednesday, October 8th. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. Finally, Wedbush restated an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.03.

Getty Images Stock Down 2.7%

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.71. The company’s 50-day moving average price is $1.64 and its 200 day moving average price is $1.80. The stock has a market capitalization of $517.75 million, a P/E ratio of -5.66 and a beta of 2.05.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $240.04 million during the quarter, compared to analyst estimates of $239.98 million. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.Getty Images’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS. As a group, equities analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Activity

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $2.27, for a total value of $7,878,981.59. Following the completion of the transaction, the insider directly owned 70,641,345 shares in the company, valued at $160,355,853.15. This represents a 4.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cho Mikael sold 25,555 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $2.11, for a total transaction of $53,921.05. Following the sale, the senior vice president directly owned 131,348 shares of the company’s stock, valued at approximately $277,144.28. This trade represents a 16.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,584,654 shares of company stock valued at $8,116,086 in the last quarter. 11.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently bought and sold shares of GETY. Vanguard Group Inc. increased its holdings in shares of Getty Images by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company’s stock worth $18,116,000 after purchasing an additional 246,403 shares during the last quarter. Invenomic Capital Management LP purchased a new position in Getty Images during the 1st quarter valued at approximately $4,646,000. American Century Companies Inc. grew its holdings in Getty Images by 17.8% during the 1st quarter. American Century Companies Inc. now owns 136,431 shares of the company’s stock valued at $236,000 after buying an additional 20,600 shares in the last quarter. Nuveen LLC bought a new stake in Getty Images in the 1st quarter worth approximately $316,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Getty Images by 228.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,798 shares of the company’s stock worth $58,000 after acquiring an additional 24,195 shares in the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.